PFIG vs. DBEF

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF).

PFIG and DBEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFIG is a passively managed fund by Invesco that tracks the performance of the RAFI Bonds US Investment Grade 1-10 Index. It was launched on Sep 15, 2011. DBEF is a passively managed fund by DWS that tracks the performance of the MSCI EAFE US Dollar Hedged Index. It was launched on Jun 9, 2011. Both PFIG and DBEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PFIG vs. DBEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF). The values are adjusted to include any dividend payments, if applicable.

PFIG vs. DBEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF	-0.00%	7.87%	3.13%	6.93%	-9.96%	-1.43%	7.72%	9.69%	-0.82%	4.00%
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	2.68%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	24.94%	-9.52%	16.74%

Returns By Period

Over the past 10 years, PFIG has underperformed DBEF with an annualized return of 2.58%, while DBEF has yielded a comparatively higher 11.65% annualized return.

PFIG

• 1D: 0.50%
• 1M: -1.06%
• YTD: -0.00%
• 6M: 1.31%
• 1Y: 5.40%
• 3Y*: 4.99%
• 5Y*: 1.56%
• 10Y*: 2.58%

DBEF

• 1D: 2.34%
• 1M: -5.60%
• YTD: 2.68%
• 6M: 9.22%
• 1Y: 20.92%
• 3Y*: 16.41%
• 5Y*: 12.35%
• 10Y*: 11.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFIG vs. DBEF - Expense Ratio Comparison

PFIG has a 0.22% expense ratio, which is lower than DBEF's 0.36% expense ratio.

DBEF

Xtrackers MSCI EAFE Hedged Equity ETF

PFIG

Invesco Fundamental Investment Grade Corporate Bond ETF

Return for Risk

PFIG vs. DBEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFIG

PFIG Risk / Return Rank: 81
PFIG Sharpe Ratio Rank: 79
PFIG Sortino Ratio Rank: 79
PFIG Omega Ratio Rank: 77
PFIG Calmar Ratio Rank: 86
PFIG Martin Ratio Rank: 84

DBEF

DBEF Risk / Return Rank: 74
DBEF Sharpe Ratio Rank: 74
DBEF Sortino Ratio Rank: 74
DBEF Omega Ratio Rank: 77
DBEF Calmar Ratio Rank: 69
DBEF Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFIG vs. DBEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PFIG	DBEF	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.27	+0.21
Sortino ratio Return per unit of downside risk	2.06	1.82	+0.24
Omega ratio Gain probability vs. loss probability	1.29	1.28	+0.02
Calmar ratio Return relative to maximum drawdown	2.59	1.68	+0.91
Martin ratio Return relative to average drawdown	9.47	7.43	+2.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFIG vs. DBEF - Sharpe Ratio Comparison

The current PFIG Sharpe Ratio is 1.48, which is comparable to the DBEF Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of PFIG and DBEF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PFIG	DBEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.27	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.91	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.74	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.53	0.00

Correlation

The correlation between PFIG and DBEF is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PFIG vs. DBEF - Dividend Comparison

PFIG's dividend yield for the trailing twelve months is around 4.35%, less than DBEF's 5.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF	4.35%	4.15%	4.12%	3.54%	2.58%	3.34%	2.81%	2.92%	2.88%	2.54%	2.58%	2.57%
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	5.40%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%

Drawdowns

PFIG vs. DBEF - Drawdown Comparison

The maximum PFIG drawdown since its inception was -15.58%, smaller than the maximum DBEF drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for PFIG and DBEF.

Drawdown Indicators

	PFIG	DBEF	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-32.46%	+16.88%
Max Drawdown (1Y) Largest decline over 1 year	-2.03%	-11.93%	+9.90%
Max Drawdown (5Y) Largest decline over 5 years	-15.58%	-14.95%	-0.63%
Max Drawdown (10Y) Largest decline over 10 years	-15.58%	-32.46%	+16.88%
Current Drawdown Current decline from peak	-1.16%	-5.87%	+4.71%
Average Drawdown Average peak-to-trough decline	-2.48%	-4.77%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	2.70%	-2.14%

Volatility

PFIG vs. DBEF - Volatility Comparison

The current volatility for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is 1.42%, while Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a volatility of 6.23%. This indicates that PFIG experiences smaller price fluctuations and is considered to be less risky than DBEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFIG	DBEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	6.23%	-4.81%
Volatility (6M) Calculated over the trailing 6-month period	2.19%	9.33%	-7.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	16.55%	-12.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.91%	13.62%	-8.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.25%	15.82%	-10.57%